{"id":3891,"date":"2013-12-05T12:42:00","date_gmt":"2013-12-05T12:42:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/coastlink\/2013\/12\/05\/ictsi-divests-cebu-shares\/"},"modified":"2013-12-05T12:42:00","modified_gmt":"2013-12-05T12:42:00","slug":"ictsi-divests-cebu-shares","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/coastlink\/2013\/12\/05\/ictsi-divests-cebu-shares\/","title":{"rendered":"ICTSI divests Cebu shares"},"content":{"rendered":"<p>The operator apparently revealed its intention to divest 250 million common shares in Cebu International Container terminal (CICTI) in a disclosure to the Philippine Stock Exchange (PSE).<\/p>\n<p>ICTSI&#8217;s shares were sold off, along with those of its shareholders, to Cebu Asian Rim Property and Development Corp and Hong Kong Land (Philippines) BV.<\/p>\n<p>ICTSI, which owned 51% of CICTI, has yet to come back to <em>Port Strategy<\/em> with a full comment on its strategy behind the divestment.<\/p>\n<p>But a spokesperson said to <em>PS<\/em>: &#8220;CICTI is actually non-operational, and the sale only involves a track of land.&#8221;<\/p>\n<p>CICTI is understood to have been the registered owner of a parcel of land of about 200,000 square metres in Mandaue City.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>International Container Services (ICTSI) has divested its entire interest in the Philippines port operator, Cebu, to a member of the conglomerate Jardine Matheson Group of Hong Kong.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25],"tags":[],"sponsor":[],"class_list":["post-3891","post","type-post","status-publish","format-standard","hentry","category-asia"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/3891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/comments?post=3891"}],"version-history":[{"count":0,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/3891\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media?parent=3891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/categories?post=3891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/tags?post=3891"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/sponsor?post=3891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}